拍品描述： 中華蘇維埃共和國五年製壹圓銀幣。珍贵罕见之珠圈内"大镰刀铁鎚"银币。存世凤毛麟角的一枚，珍稀度远超其他陕北苏维埃发行，且极具歷史意义。铸於1934年10月至1935年10月红军长征之后。此发行乃中国共產党在 1949 年国共内战胜出之前的最后一批银币。虽NGC评為细节评分，整体品相保存完整，比L&M的图版原品（2020年於诚轩的春拍中以782,000人民币成交）更為优胜。虽打铸粗糙，但大镰刀铁鎚铸工深邃，币面光泽犹存。标籤所指的刮痕出现於字面，但不甚明显，无碍整体观感。字面的大约12点鐘方向亦有一小凹痕，為此版的常见特徵。鲜少面市的一枚，预期会成為拍场焦点。谱系著名，且具歷史代表性，自然成為藏家必争的一枚瑰宝。长征结束后，陕西的中国苏维埃以一年行军过程中亲自运送的白银储备发行了银元。 1935年国民党召回白银后，白银价格上涨，且出现囤积情况。中国苏维埃见此亦召回所有银元，并将其用作支持新纸币的储备。儘管通货膨胀高企，令国民党纸币大幅贬值，但共產党发行的纸币之所以能保值，主要是因為充裕的白银储备。</em>CHINA. Shensi-North Soviet. Dollar, Year 5 (1935). NGC EF Details--Scratches.L&M-893A; K-Unlisted; KM-1.1; WS-Unlisted; Wenchao-Unlisted. Variety with large hammer & sickle within beaded border. A tremendous RARITY, far surpassing other Shensi-Soviet Dollars and tying together an enchanting story and more history than many other coins can hope offer. Issued after the Long March, these pieces are amongst the last silver issues of the Chinese Communist Party until after the Kuomintang was defeated in the Chinese Civil War in 1949. Despite receiving a details designation by NGC, this example is incredibly well preserved for the type, surpassing the L&M plate piece that was sold in the Chengxuan 2020 Spring Auction for a final price of 782,000 Yuan. Though obviously crudely manufactured, this specimen displays a resolute central Hammer and Sickle, with some brilliance remaining to the surfaces. The noted scratches are held on the character side, though they are not too aggressive in dampening the overall beauty of the type. A cud on the same side presents at approximately 12 oclock, being a common characteristic for the few known examples of the type. A type that simply does not appear on the collector market particularly often, and as such we expect much spirited bidding to own this example. When coupled with the famed pedigree and historical story, this piece is nearly unmatched for in desirability. After the Long March the Chinese Soviet in Shensi issued silver Dollars, from their reserves of silver that were carried by hand and horse for the entire duration of the year-long march. After the Kuomintang recalled silver from circulation in 1935 the price of silver rose and Dollars of all issues were hoarded. In response the Chinese Soviet also recalled all silver Dollars and used them as backing for their new paper currency. Despite rampant inflation that ravaged the Nationalist notes, Communist notes retained their value largely on account of the reserves of silver that backed the currency. </em>Ex: Wa She Wong Collection (Ponterio 12/2010) Lot #340. Ex: Money Company (09/1985) Lot #760.